Purple Innovation Inc reports results for the quarter ended in September 30 - Earnings Summary

Purple Innovation

05/11/2024 07:57

* Purple Innovation Inc  PRPL.OQ  reported a quarterly
adjusted
loss of 8 cents​​ per share for the quarter ended September 30,
higher than the same quarter last year, when the company
reported EPS of -18 cents.  The mean expectation of
eight analysts for the quarter was for a loss of 10 cents per
share. Wall Street expected results to range from -13 cents
to -4 cents per share.
    * Revenue fell 15.3% to $118.60 million from a year ago;
analysts
expected $126.62 million. 
    * Purple Innovation Inc's reported EPS for the quarter was a
loss
of 36 cents​.
    * The company reported a quarterly loss of $39.23 million.
    * Purple Innovation Inc shares had fallen by 4.9% this
quarter and
lost 8.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 2.5%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 6
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the home
furnishings
peer group is also "hold"

Wall Street's median 12-month price target for Purple Innovation
Inc is 1.50 
This summary was machine generated from LSEG data November 5 at
07:57 a.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2024      -0.10          -0.08          Beat
 Jun. 30 2024      -0.12          -0.13          Missed
 Mar. 31 2024      -0.16          -0.19          Missed
 Dec. 31 2023      -0.18          -0.15          Beat